Ferrous Metals

Nickel 3-Month Price Falls 2.3% on LME

by MetalMiner IndX Reports on May 11, 2012

Style:    Category: Ferro Alloys, Ferrous Metals, Metal Prices, MetalMiner IndX

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The nickel 3-month price saw the biggest shift of the day, dropping 2.3 percent on the LME to close at $17,070 per metric ton on May 10, 2012. The cash price of LME primary nickel weakened by 2.2 percent, settling at $17,030 per metric ton. Following a two-day drop, the cash price of Indian primary [...]

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Automotive MMI®: US Palladium Price Falls For Third Straight Week

by MetalMiner IndX Reports on May 11, 2012

Style:    Category: Automotive, Ferrous Metals, Metal Prices, MetalMiner IndX, Non-ferrous Metals

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The week’s biggest mover on the Automotive MMI® was the price of US palladium bar, which saw a 5.8 percent decline to $612.00 per ounce. This week marked the third in a row of declining prices for the platinum group metal (PGM). Closing out the third week of declining prices, the price of US platinum [...]

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Steel Market Roundup: LME Billet Cash Price Collapses

by MetalMiner IndX Reports on May 11, 2012

Style:    Category: Commodities, Ferrous Metals, Metal Prices, MetalMiner IndX

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With a decline of 6.1 percent on the LME to $459 per metric ton on May 10, 2012, the steel billet cash price recorded the biggest shift of the day in steel market prices. The 3-month price of steel billet weakened by one percent on the LME, settling at $475 per metric ton. Chinese steel [...]

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Mining Mogul Plans to Rebuild the RSS Titanic

by Brianna Tonner on May 11, 2012

Style:    Category: Company News, Ferrous Metals, Humor

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It never ceases to amaze me what people do with their extra pocket change. I couldn’t help but laugh at the announcement that a collective group of millionaires is investing in a project to mine on asteroids—including go-getter and film director, James Cameron. While I’m sure they are acting with the best intentions, I’m curious [...]

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Daily Stainless and Nickel Roundup: Chinese 316 Scrap Up 1.1%

by MetalMiner IndX Reports on May 10, 2012

Style:    Category: Ferro Alloys, Ferrous Metals, Metal Prices, MetalMiner IndX

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The day’s biggest mover on stainless and raw material inputs markets, Chinese 316 stainless steel scrap, broke away from a three-day static phase with a 1.1 percent jump on May 9, 2012. The price of Chinese primary nickel, meanwhile, saw a 0.3 percent decline. Chinese 304 stainless steel scrap stayed flat at under $3,000 per metric ton. [...]

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Raw Steels MMI®: LME Billet Cash Price Rises 2.9% on Week

by MetalMiner IndX Reports on May 10, 2012

Style:    Category: Commodities, Ferrous Metals, Metal Prices, MetalMiner IndX

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A 2.9 percent increase made the LME steel billet cash price the week’s biggest mover on the Raw Steels MMI®, closing at $489 per metric ton. (The cash price of LME steel billet saw a 1.9 percent increase on May 9, 2012.) The 3-month price of steel billet fell two percent on the LME to $480 [...]

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Renewables MMI®: Silicon Price Down

by MetalMiner IndX Reports on May 9, 2012

Style:    Category: Ferrous Metals, Green, Metal Prices, MetalMiner IndX, Non-ferrous Metals

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After falling 0.7 percent, silicon turned out to be the week’s biggest mover on the Renewables MMI®. Hovering above $39,700 per metric ton, the week finished with no movement for Chinese cobalt cathodes. Following a steady week, prices for neodymium closed flat, holding between $113,500 and $114,000 per metric ton. At above $750 per metric [...]

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Construction MMI®: European 1050 Aluminum Falls 3.6%

by MetalMiner IndX Reports on May 9, 2012

Style:    Category: Commodities, Ferrous Metals, Metal Prices, MetalMiner IndX, Non-ferrous Metals

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This past week, European 1050 aluminum dropped 3.6 percent on the Construction MMI®, the biggest mover on the index. Chinese aluminum bar traded sideways last week, hovering above $2,200 per metric ton. Closing out the third week of declining prices, the price of Chinese rebar dropped by 1.4 percent. Chinese H-beam steel prices were off [...]

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